Question: You have been given the following information for Moore's HoneyBee Corp.:
a. Net sales = $37,000,000.
b. Gross profit = $18,700,000.
c. Other operating expenses = $2,700,000.
d. Addition to retained earnings = $4,700,000.
e. Dividends paid to preferred and common stockholders = $2,700,000.
f. Depreciation expense = $2,880,000.
The firm's tax rate is 36 percent. Calculate the cost of goods sold and the interest expense for Moore's HoneyBee Corp. Cost of goods sold $ Interest expense $